tradingj

BTCUSD Future Price Movement

BITFINEX:BTCUSD   Bitcoin
Bitcoin had a strong breakout to the upside and is now looking to consolidate. I expect it to come down to the low $7000's on declining bear volume. This will be a good setup for strong continuation. The feeling around the market is much more positive now, especially with the possibility of an ETF being approved. Resistance will be tested along the 200 MA and declining resistance line meeting up along $8000. I expect us to get through it to see a big continued bull run.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.